Latest Currency News Continued - page 3
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Pound Australian Dollar (GBP/AUD) Exchange Rate Returns to Downtrend Amid Brexit Uncertainty
14 Mar 2019 at 3 PM - Written by Frank Davies
STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Returns to Downtrend Amid Brexit Uncertainty
Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Fails to Hold Gains After Latest Brexit Vote
After hitting its highest level since the Brexit referendum the Pound Sterling to Australian Dollar (GBP/AUD) struggled to hold onto its bullish trend.
While MPs voted to rule out a no-deal Brexit during Wednesday’s debate this was not enough to keep the Pound on a stronger footing for long.
Even though the risk of the...
CATEGORIES: Pound Australian Dollar Forecasts
Australian Dollar to US Dollar Exchange Rate: AUD/USD Falls on Better-than-Forecast US Orders
13 Mar 2019 at 2 PM - Written by John Cameron
STORY LINK Australian Dollar to US Dollar Exchange Rate: AUD/USD Falls on Better-than-Forecast US Orders
Australian Dollar US Dollar (AUD/USD) Exchange Rate Dips as US Durable Goods Rises
Today the Australian Dollar US Dollar (AUD/USD) exchange rate has fluctuated over the course of the session, with the pairing currently trading down at an inter-bank rate of $0.7056.
Data showed that US non-defence capital goods orders (excluding aircraft) rose by a better-than-forecast 0.8% in January.
This was the highest rise in orders...
CATEGORIES: American Dollar Forecasts
Pound Canadian Dollar Exchange Rate in Fresh Surge as No-Deal Brexit tol Be Avoided
13 Mar 2019 at 1 PM - Written by Minesh Chaudhari
STORY LINK Pound Canadian Dollar Exchange Rate in Fresh Surge as No-Deal Brexit tol Be Avoided
A fairly resilient Canadian Dollar, as well as market demand for riskier trade-correlated currencies, briefly saw the British Pound to Canadian Dollar (GBP/CAD) exchange rate shed all of Monday’s gains yesterday, but continued Brexit speculation has kept the Pound buoyed above the week’s opening levels as investors anticipated upcoming major Brexit developments.
Since opening this week at the level of 1.7455, GBP/CAD has...
CATEGORIES: Pound Canadian Dollar Forecasts
Dollar to Pound Exchange Rate Recovery Limited by Underwhelming US Inflation and Brexit Jitters
12 Mar 2019 at 4 PM - Written by Toni Johnson
STORY LINK Dollar to Pound Exchange Rate Recovery Limited by Underwhelming US Inflation and Brexit Jitters
Brexit developments in recent sessions have led to broad volatility and fluctuations in the Pound, but the US Dollar to British Pound (USD/GBP) exchange rate’s support has also been limited by poor US data in recent sessions. The pair is likely to remain at the mercy of major Brexit developments in the coming sessions.
Weakness in the Pound was the primary cause of USD/GBP gains last week, as the pair jumped from 0.7571 to...
CATEGORIES: Dollar Pound Forecasts
Pound Sterling to Euro Exchange Rate Drops 1.5% as Brexit Deal Looks Set for Rejection
12 Mar 2019 at 4 PM - Written by Frank Davies
STORY LINK Pound Sterling to Euro Exchange Rate Drops 1.5% as Brexit Deal Looks Set for Rejection
Pound Sterling Euro (GBP/EUR) Exchange Rate Slumps as MPs Push Back Against Brexit Proposal
As support for Theresa May’s updated Brexit proposal proved limited this left the Pound Sterling to Euro (GBP/EUR) exchange rate under pressure.
Attorney general Geoffrey Cox’s legal opinion on the new proposals left MPs with limited incentive to support the deal, driving the Pound sharply lower across the board.
CATEGORIES: Pound Euro Forecasts
Pound to Dollar Exchange Rate: GBP/USD Rises despite Dovish BoE Speech and Rebound in US Retail Sales
11 Mar 2019 at 5 PM - Written by John Cameron
STORY LINK Pound to Dollar Exchange Rate: GBP/USD Rises despite Dovish BoE Speech and Rebound in US Retail Sales
Pound US Dollar (GBP/USD) Exchange Rate Rallies despite Dovish BoE Policymaker Speech
The Pound US Dollar (GBP/USD) exchange rate rallied over the course of Monday, and the pairing is currently trading at an inter-bank rate of $1.3091.
This afternoon, the Bank of England’s (BoE) Jonathan Haskel said during a speech that British business investment is likely to stay low for the next few years.
Because of the uncertainty...
CATEGORIES: Pound Dollar Forecasts
Euro to Dollar Exchange Rate: EUR/USD Avoids Tumbling Back to Last Week?s Yearly Lows
11 Mar 2019 at 4 PM - Written by David Woodsmith
STORY LINK Euro to Dollar Exchange Rate: EUR/USD Avoids Tumbling Back to Last Week?s Yearly Lows
Despite a lack of fresh strong support for the Euro since last week’s surprisingly dovish European Central Bank (ECB) decision, the Euro to US Dollar (EUR/USD) exchange rate has avoided further losses today. Investors were hesitant to sell the Euro to its worst levels amid speculation that the Eurozone could be about to see something of a turnaround.
Weak Eurozone data and ECB dovishness dragged EUR/USD over a cent lower from...
CATEGORIES: Euro Forecasts